Blashing for Profits

[blasher]

Recession return fears ease in Mid-America-survey . . .
CHICAGO, Oct 1 (Reuters) - Fears of a double-dip recession are easing in nine U.S. Midwest and South-Central states as the economic outlook brightens, according to a survey of supply managers released on Friday.

Creighton University's Business Conditions Index rose for the first time since May, climbing to 56.3 in September from 55.8 in August. A reading of 50 is considered growth neutral, while a reading above that signals expansion over the next three to six months.

"The region will experience improving economic conditions in the months ahead with little likelihood of a double-dip recession," the survey said.

However, Creighton University Economics Professor Ernie Goss said that economic growth in the region and the United States will be restrained if federal income tax cuts that expire at year end are not extended.

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full article and data: http://www.creighton.edu/business/economicoutlook/regional/midamericanstates/index.php

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